STAGES Update: 10/22/2021

STAGES update for the second and third week of October:

STAGES Pumped

Over the past 2 weeks the frac crew count has netted +2 crews. There was a gain of 5 in week 2 and then a loss of 3 in week 3.

STAGES Created

Horizontal rig count was down 2 in week two of October and remained so last week. The change in mix resulted in a slight uptick in STAGES last week. The Utica experienced the largest drop from 8 to 5 rigs over the 2 week period.

STAGES Ratio

The STAGES Ratio fluctuated slightly over the past 2 weeks, ending unchanged.